Wednesday, 22 February 2017

Airtel picks up stake in fintech startup Seynse

Telecom giant Bharti Airtel has acquired a "strategic equity stake" in financial technology company Seynse Technologies for an undisclosed amount. The acquisition was carried out through Bharti Airtel's subsidiary Bharti Airtel Services, the company said in a statement today. It, however, did not disclose the deal value. 

Seynse has created a digital lending platform 'Loan Singh' that enables easy loans for creditworthy yet underserved borrowers. Its platform is powered by a proprietary credit engine and advanced machine learning capacity.

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